The domestic unit slid 23 paise to close at 76.17 against the dollar, the lowest closing since December 15, 2021...

Persistent foreign capital outflows and subdued domestic equity markets also affected market sentiment, forex dealers said...

Stocks remain under pressure following a sell-off in the global markets...

Officials said the plan was to get banks and companies of that country to open accounts with a few state-run banks in India for trade settlement...

Investors fear higher inflation may force the US Federal Reserve to raise interest rates faster than expected...

Though the Sensex ended with gains of 22 per cent and the Nifty 24 per cent, experts said the immediate ride could be a volatile one with relatively lower returns...

Against a notified amount of Rs 2 lakh crore, the central bank received offers for Rs 1.55 lakh crore — all of which were accepted at a cut-off rate of 3.99 per cent...

The central bank is widely expected to announce a faster pullback of its stimulus measures as inflationary pressures build...

The domestic unit moved in a range of 73.69 to 74.20 in the day trade...

The declining trend in prompted Standard Chartered and RBL Bank Ltd to forecast that the currency would depreciate to 76 per dollar by year-end...